Successful Real Estate Careers Start Here

Enterprise Real Estate, Inc. is looking for a few good agents!

Enterprise Real Estate, Inc. was founded in 2003 in Sacramento California

.After a dozen years as a small, closely held boutique-style real estate brokerage, Enterprise has plans to grow.

Our goal is to provide you with the flexibility that allows you to work your way  while earning the highest compensation possible.

If you're a traditionalist and you want to work independently, our compensation schedule will pay you top commissions.

If you're still learning the ropes or your work style better fits the sales team approach, then we have the team waiting for you!

No matter what your business approach, our support systems and training are avaiilable to all sales associates.

We work to generate buyer and seller leads every day, which we share.

We provide transaction coordination.

I am available by phone M-F 9-5. 

Bottom line - Whether you're looking for more independence, higher commissions, or the support to take your career to the next level, let us interview for the job as your brokers..

We are a company that prides itself on supporting each individual sales associate and their relationship with their clients.

We do this through comprehensive marketing programs and services, our top-rated website, extensive business development programs, and superior residential brokerage services.

At Enterprise, we are committed to your success and provide the support, business strategies and training that enable you to better serve your clients and to help you achieve more transactions at a higher value.

We invite you to take a closer look at an Enterprise Real Estate sales career

Top commission splits

No desk fees

Training

Transaction Support

 Email or call me today at (916) 248-1572

Here's Why You Need to Act Now

"Don't wait to buy... buy and wait"

If you follow financial news, you probably know that we're hearing that mortgage rates are going to start increasing. As in all things, timing in real estate is everything. The Fed has been keeping interest rates low for many quarters, and now they are ready to give inflation it's head (just a little, they say...).

What I know as a Realtor is that sellers suffer when interest rates go up - even a little -  because buyers who finance end up being able to buy less. Buyers suffer because they end up getting less house for their money. 

What are you waiting for? If you are thinking about buying or selling a home in Sacramento, now is the time to get going! Interest rates have never been lower and they are not going to stay that way. Don't let this July pass you by without taking action!

If you think it's a good idea to wait, take a look at the July 30-yr fixed mortgage rates since 1985 (that's when I got my first home loan).

Whether you're looking for a new home in Elk Grove, thinking of refinancing your home in Davis, or buying a Carmichael duplex to add to your retirement portfolio, now is the time to act. Call me and start designing your wealth plan today.

Don't Overlook this Inspection

When we purchased our current home in 2011, we were very careful.

For instance, even though I'm a seasoned real estate broker, I hired a colleague to be our Buyer's Agent. I was glad I did... her help and expertise were invaluable. They say that an attorney who represents themselves has a fool for a client. That's true for real estate brokers, too.

I made sure that I went over the property with a fine-tooth comb. I had a complete home inspection. The home has three independent heating and air conditioning systems, so I had each system inspected by an HVAC contractor (and, as a result, we decided to replace one unit for $8,000). I had a roof inspector "walk the lid" and issue a 3-yr roof certificate.

  Many homes need more than one type of inspection

A pool inspector came out and inspected the pool chemistry, condition of the stucco, the filter and filtration equipment, the electrical connections (including the pool light) and the electrical panel, and the natural-gas pool heater. He passed the pool with flying colors and taught me how to operate the pool systems.

  Always have a built-in pool inspected

Finally, we closed escrow and moved in on Saturday.

Sunday morning, we turned on the washing machine and all the first-floor toilets backed up all over the floor.

WE FORGOT THE SEWER INSPECTION!

The plumber who saved us - the repair ended up costing about $1000 - opened the clean out drain in the ground next to our front door and showed us all the roots that were invading the pipe and making the toilets back up.

  Buying a resale home? Get a sewer inspection

We learned the hard way... a sewer inspection would have cost me about $185 and discovered bad root problems, which I could have negotiated to have the seller remove before purchase, saving me big bucks.

I recommend that you have the sewer inspected on any resale home you purchase. 

Don't get suckered by plumber's ads offering free inspections - pay for a visual inspection of your sewer line(s) from the toilet and sink to the street (the city or county sewer main that meets your pipe at the street).

  plumber will inspect sewer with camera

Include a sewer inspection in your due diligence if you are considering purchasing a resale home. Spending a little money up front will give you peace of mind if all is OK, and you'll have the information you need to renegotiate terms of the home sale if the sewer turns out to be a problem.

Orangevale Market Update

ORANGEVALE

We've been up in the 'Vale helping several clients and customers. 

Things are really clicking up in the eastern-most part of the county.

Buyers are competing for a limited supply of houses for sale - homes are selling quickly.

Well-qualified buyers should expect to pay at or near list price to make a successful bid.

The quality of homes varies widely. Sellers who maintain their home in good condition can command top dollar.


Here's the breakdown for 3 bedroom 2 bath homes

In May, homes stayed on the market for an average of 19 days...

Prices going up about one percent a month..


Orangevale Sales in June 2015 ( 3 bedroom 2 bath)

CLICK HERE to see what's FOR SALE in Orangevale RIGHT NOW

Sacramento Makes Hottest Market List

It's not just the temperatures that are sizzling around here this summer... Sacramento is one of the hottest real estate markets in the U.S.

Home sales are heating up just about everywhere in the country - demand is at pre-recession levels - mostly because buyers realize interest rates are going to rise and because buyers want to get in on the appreciation party as affordability becomes a real life issue for anyone that has to make payments.

Here are the 20 hottest residential sales markets in the U.S.

 

(source: Realtor.com)

The Sacramento metro area currently ranks as the 11th hottest market in the U.S, based on days on market and current inventory.

Sacramento moved up to 11th place from 12th place over the last three weeks.

A close look at the table reveals that thirteen of the top 20 markets, including Sacramento, continue to heat up.

Also note that six out of 20 of the hottest markets in the country are within a three-hour drive of Sacramento.

Does that give you a clue where prices are going? 

Will Home Prices in Sacramento Keep Rising?

Single family home prices in Sacramento have been going up since about mid-2012. Prices over the last 12 months have followed the same path, although fluctuating somewhat in the rate of increase.

Figure 1 shows an increase in average Sacramento home prices of about 8-10% over the last year. Prices are increasing beyond pre-recession levels and they continue to go up. The average home appreciation in the U.S.over the same period was about 5%.

Figure 1.

One of the factors that has pushed prices higher in Sacramento is that buyers continue to be willing to pay retail prices in order to find nice homes. Figure 2 shows that over the last year, sale prices are about 98% of listing prices, which suggests that buyers don't expect much of a discount from sellers. If this was a buyer's market, we would expect to see buyers demanding (and receiving)  a five to eight percent discount. A hot seller's market would see multiple offers and above-list price offers.

Figure 2.

Figure 3 highlights another condition creating rising prices in the Sacramento area. The number of months it would take - given the current sales activity - that it would take to sell all the homes for sale in Sacramento is under two months, and that time period has actually reduced from last year. Residential real estate markets are usually considered to be price-stable when inventories are in the 5 to 6 month range.

Homes are selling quickly in the Sacramento market. Even though prices have been rising for twelve quarters, the willingness of buyers to pay list price, lack of inventory and the resulting low number of days that homes remain on the market will continue to drive prices up in the Sacramento residential real estate market.

Should You Buy Now or Should You Wait?

The Federal Reserve  told us all last week that interest rates are going to rise, but it will be a slow climb.

Should be smooth sailing, right?

Cheap money we can count on for the time being, so there's no hurry to think about the future, right?

Not so fast! 

Interest rates bottomed out about a year and a half ago, and they've been going up since. So,
the rise in rates is not something we need to plan for... it's here...

Check out this chart:

If you have to make payments, it doesn't take much of an interest rate hike to make that house you dream of buying much more expensive - an increase of just 1.5% (like from 3.3% to 4.8%) can make that $300,000 dream home actually cost you about $100,000 more in interest!

The upshot is that a higher interest rates usually means you will be forced to make a higher payment or you will have to buy less house.

Ask yourself:

Are homes in Sacramento going to be less expensive or more expensive in five years? 

Can we expect interest rates to stay low?

Find the house you love and buy it now while prices and interest rates are reasonable.

Arcade Area Sees Del Paso CC Preparing for U.S. Senior Golf Tournament

                                                                                                    

The groundskeepers and construction crews are busy at work getting Del Paso Country Club ready for the 2015 U.S. Senior Open to be played June 22 through June 28th. 

I drove by the course yesterday and snapped some pictures. Grandstands and service tents are visible at the corner of Marconi Ave and Morse Ave and down Morse Ave along the back of the course.

Del Paso Country Club was first developed in 1916

Hospitality and service tents
Corner of Morse and Marconi

Grandstands 
Actually, there shouldn't be much to do to get the course ready for action, as the members recently completed a $10 million dollar renovation that marks the seventh remake of the course and its layout since the first 1916 design by John Black.

New park-like fairway design

I remember living in the neighborhood back in the 1970s when Del Paso hosted the Gene Littler Swing-for-Cancer Charity event. Other major tournaments of the past included

• 1957 US Women's Open
• 1960 US Senior Women's Amateur
• 1976 Women's Amateur
• 1982 US Women's Open

130,000 fans are expected at the event. Marconi Ave will be closed all week from about Lacy Lane all the way to Watt  Ave. Pope Ave will also be closed.

 Del Paso CC was laid out back in the day on a 147 acre parcel of land left over after developers carved up much of the Rancho Del Paso land grant.

It was mid-twentieth century when the area really took off. 

In the 1940s, developer Jere Strizek went on a tear, building Town & Country Village out of old recycled building materials, and designing and building homes and apartments throughout the area. Today, the district is just beginning to change the look that Strizek stamped on it throughout the forties.

Under construction 1946

Ad for some of the original T&C Village Shops. The Maleville's (Coral Reef Restaurant) owned an appliance store

Bohemian Gardens cost Strizek $1,000,000

1948

BTW -Thanks Atomicpear for some of the great images

And finally, the go-to getaway right in the middle of the neighborhood - ALDOS!

A great neighborhood and an interesting part of Sacramento history.

A Wealth Equation

 There's an old-time wealth equation:

 "To have more than you've got, you must become more than you are".

Rich people have this figured out.

While many of us will read this aphorism and (rightfully) assume we need to start a personal development course or learn a new skill to achieve more financially in life, wealthy folks often just go get help.

Rich people have fiduciaries.  

They invest in trust relationships with professionals - fiduciaries- who look out for their interests and grow their money - for a fee.

Many people think these kinds of fees are a waste of money. Or they don't think they have enough money to spend on professional advice.

The rich know better.

High net worth folks (HNW) achieve more financially and multiply their knowledge and time by cultivating relationships with specialists  like attorneys, accountants, real estate brokers, and investment advisors. The government recognizes the value and protection provided by fiduciary relationships. In fact, the SEC wants to require more types of advisors to act as fiduciaries. In essence, a fiduciary places a  client's interests above all others, even their own. 

 Is this really such a big deal?

Does the average middle-class married couple really need to worry about their financial future, not to mention paying someone to handle tasks that one could learn from the Dummies Guide...?

The answer to the first question is "absolutely yes", and the answer to the second question is, " Get the Dummies books first, read them, and then see a professional".

 Consider retirement planning, for example...

 Retirement is one of the most important phases of life. 

It actually encompasses several phases of life, from an active lifestyle in the early years of retirement to a quieter, possibly assisted, lifestyle as a person ages. And for many of us, our retirement years may unfold over a third of our lifespan. 

This requires a plan!

Even so, half of your friends and relatives who are nearing retirement age have less than $10,000 saved for retirement and a third have nothing. 

HNW people don't make this mistake. They realize that retirement is too big to be left to chance. 

But they also know that they probably don't have all the skills, time, energy, or will power to do it alone.

So they capitalize on the expertise of their fiduciaries.

For instance...

• Attorney- Can you plan and write a legal will or trust that will not only pass your estate on to your heirs as you wish, but that will also allow you to continue to live as you wish, even if you become unable to look after yourself? Do you have the knowledge and time to follow the changing estate laws and rules, so that you can maintain and update your estate as laws change? 
• Accountant- Taxes must be paid and the rules are extremely complex.  Enough said.
• Real estate broker- Countless couples are finding out that their single biggest asset when they retire is the equity in their home. Selling the family home and buying a dream retirement home may seem impossible, but your real estate broker can show you how you may be able to purchase a nicer retirement home than you imagined, and make no payments. Will that help your cash flow?
• Financial planner- Where will your monthly retirement cash come from? Many people think that they'll need less money as they age, because they'll have fewer expenses. Not true. And most people are counting on social security and a retirement plan provided by their employer. But most workers don't have a defined-benefit retirement plan these days, so it's impossible to predict what you'll get from your boss. This means that, in order to make sure you'll have enough money in retirement, you'll have to save and build a nest egg on your own. And you will also need to make a plan to crack the nest egg open when it's time and manage your money as you spend it. This means staying away from sales people who promise fool-proof retirement plans and sticking with a qualified fee-based planner who will build and manage a plan with reasonable goals, risks,  triggers and stop-gaps and strategies to manage any changes in economics which may hurt your income as you age. Can you do this task yourself? 

And this is just the headache of retirement planning! What about wealth-building, running your business, managing your yearly taxes, or getting your kids through college?

Each of us has only so much time, energy, knowledge, and capacity. Spend a little now to make a lot and save a lot in the future.

Mid Year Sacramento Area Values

Three weeks until summer begins and 2015 is almost half over!

Time to check in on your balance sheet. Real estate values have been going up nicely - around a percent a month in most areas.

Here's what the Sacramento area market looks like this month for a three bedroom two bath home around 2,000 square feet in size:

We don't really think of Sacramento as one market, so we've broken the region down into several smaller snapshots. 

There are other small markets in the region, but these areas represent the Sacramento metropolitan area fairly well. There are many small markets in the region. I'll cover those areas in future posts.

Great 3/2 Family Home Near Good Arden Arcade Schools in 95821

Call ENTERPRISE REAL ESTATE at 916-893-1566 or click here www.SacramentoHomeSearch.net to reach a SACRAMENTO BUYER'S SPECIALIST

Are you interested in buying a home at a deep discount? Get latest complete search of short sales and search all foreclosures.

Excellent 3 bedroom 2 bath family home on a quarter acre lot in highly desirable area of Arden Arcade. Entertain friends and family in the spacious grass backyard

Edison Ave near Pasadena Ave
Great neighborhood of estate homes.
Great schools-nearby Mira Loma High School, Arcade Middle School, Whitney Ave Elementary School, and Pasadena Elementary School. 
Attached 2 car garage. 

Don't wait- this won't last. 

Probate sale- Administrator has full authority - no delays. 

Call 916-893-1566 with any questions we are probate real estate professionals. Visit www.CalProbateRealtors.com

Call 916-893-1566 today for a showing.

Enterprise Real Estate, Inc. is a Sacramento area real estate brokerage with real estate agents that help people buy and sell Sacramento single family homes, condos, and lots for sale. The Enterprise Real Estate website lists Sacramento, Placer, and El Dorado homes for sale. Key service areas are Elk Grove real estate, including Laguna West, Stone Lake, and Sheldon; Sacramento real estate, including East Sacramento, Midtown, River Park, Campus Commons, Pocket, Greenhaven, Land Park, South Land Park, Curtis Park, Woodside and Arden Hills; Enterprise Real Estate agents also sell homes in Rancho Cordova, Gold River, Mather, Orangevale, Citrus Heights, Folsom, North Natomas, South Natomas, Arcade, Carmichael, Fair Oaks, the Fabulous Forties, and Tahoe Park. Enterprise Real Estate, Inc specializes in probate real estate sales, family trust real estate services, and senior real estate services.

CA BRE# 01932381